Obtaining financing is an essential factor to consider when investing in a condo. Fortunately, Singapore provides a variety of mortgage options for prospective buyers. However, it is crucial to keep in mind the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan that a borrower can take based on their income and existing debt obligations. Familiarizing oneself with the TDSR and seeking guidance from financial experts or mortgage brokers can assist investors in making well-informed decisions regarding their financing options and prevent them from becoming excessively leveraged. When exploring financing alternatives, it is highly recommended to also consider mortgage options for a more comprehensive understanding.
Insights and Mortgage Options
3. Not Getting a Written Contract
Verbal agreements should always be avoided when it comes to hiring a paint contractor. Make sure to get a written contract that outlines all details of the project, …